Town Capital LLC Takes Position in iShares 1-3 Year Treasury Bond ETF $SHY

Town Capital LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,255 shares of the company’s stock, valued at approximately $1,755,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 1.4% of Town Capital LLC’s holdings, making the stock its 19th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $30,000. Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $38,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $81.99 on Monday. The stock has a market capitalization of $25.19 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.76 and a one year high of $83.20. The company’s 50-day simple moving average is $81.99 and its 200-day simple moving average is $82.39.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2383 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.5%.

iShares 1-3 Year Treasury Bond ETF Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.